food and beverages

Food Giant Mondelez Reportedly Exploring Hershey Acquisition
Food Giant Mondelez Reportedly Exploring Hershey Acquisition
December 09, 2024  |  Acquisitions

Consumer packaged goods giant Mondelēz is reportedly considering a deal to acquire chocolate brand Hershey. That’s according to a report Monday (Dec. 9) by Bloomberg...

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Restaurant Bankruptcies Reportedly at Highest Level Since Pandemic
Restaurant Bankruptcies Reportedly at Highest Level Since Pandemic
December 05, 2024  |  Consumer Insights

Chain restaurant bankruptcies are reportedly at their highest level since the pandemic. Among the most recent examples is the casual dining franchise TGI Friday’s, one...

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Global Retailers Ramp Up Use of AI Shopping Tools
Global Retailers Ramp Up Use of AI Shopping Tools
December 03, 2024  |  Retail

Major retailers worldwide are accelerating artificial intelligence (AI) deployment in stores and apps. Walmart Chile is rolling out AI-powered smart carts, while Thai supermarket chain...

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Consumers Discount Inflation That ‘Meets’ Estimates as Post-Pandemic Housing, Food Costs Soar 25%
Consumers Discount Inflation That ‘Meets’ Estimates as Post-Pandemic Housing, Food Costs Soar 25%
November 13, 2024  |  Economy

Only time will tell if the slight bump in inflation — measured by the latest Consumer Price Index for October and released by the Bureau...

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AI Takes Over Taste Testing and Restaurant Analytics
AI Takes Over Taste Testing and Restaurant Analytics
November 12, 2024  |  Artificial Intelligence

New artificial intelligence (AI) tools are changing how restaurants analyze customer data, test food safety and even reproduce scents in laboratories. The technologies include a...

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Chipotle Names Interim CEO Scott Boatwright as CEO
Chipotle Names Interim CEO Scott Boatwright as CEO
November 11, 2024  |  Personnel

Chipotle has named Interim CEO Scott Boatwright as CEO and member of the board, effective immediately. Boatwright has served as interim CEO since Aug. 31, when former...

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Voice AI Orders Go Mainstream With QSRs Leading the Way
Voice AI Orders Go Mainstream With QSRs Leading the Way
November 08, 2024  |  Voice Activation

That robot voice taking your Taco Bell order isn’t just an experiment — it’s handled 2 million customer orders, showing how artificial intelligence (AI)-powered conversation...

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McDonald’s Says Geofencing Technology Helps Boost Customer Satisfaction
McDonald’s Says Geofencing Technology Helps Boost Customer Satisfaction
November 08, 2024  |  Restaurant innovation

McDonald’s reportedly improved customer satisfaction scores and reduced customer wait times by using geofencing technology to streamline the mobile ordering process. The quick-service restaurant (QSR)...

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Toast Says Payments, Lending Are Digital Recipe for Retention
Toast Says Payments, Lending Are Digital Recipe for Retention
November 08, 2024  |  Earnings

Digital transformation is serving up new efficiencies for the restaurant and hospitality sector. With razor-thin margins, shifting consumer tastes and an insatiable demand for convenience,...

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